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NASD Sets Changes in Selecting
Panels for Investor Arbitrations

By

Aaron Lucchetti Staff Reporter of The Wall Street Journal

Updated Oct. 23, 1998 6:17 p.m. ET

Furthering its plans to modify securities arbitration, the National Association of Securities Dealers said it would roll out an arbitrator-selection program next month and also arrange a pilot program to give some investors more choices about where they arbitrate their claims.

NASD's regulation unit said the Securities and Exchange Commission approved a plan to change the way NASD arbitration panels are selected. Under the new process...